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WNYC News

State Democrats Unveil MTA Plan

Tuesday, March 17, 2009

State Senate Democrats have unveiled their OWN plan to rescue the Metropolitan Transportation Authority and it does NOT provide the kind of funding called for by former MTA chairman Richard Ravitch. The plan provides for a payroll tax, but at a reduced rate, and there's ...

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WNYC News

NJ's Xanadu: Lessons for Stimulus Spending?

Tuesday, March 17, 2009

Billions of dollars in federal stimulus aid is on the way to our region. But while local politicians are applauding the aid, many of the decisions about how the money will be spent will be made by public authorities largely operating out of public view. ...

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WNYC News

AIGitated

Tuesday, March 17, 2009

The nitty gritty of bonuses. Guest: Jeff Gordon, Columbia University.

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The Leonard Lopate Show

On Second Thought, Keep (Part) of Your Bailout

Monday, March 16, 2009

Auto giant General Motors says it needs $30 billion in government bailout money, but last week the company dropped its request for an additional $2 billion in assistance to cover its operations in March. What’s going on here? Wall Street Journal Detroit Bureau Chief Neal Boudette joins us to talk ...

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WNYC News

Elevate the Fed?

Monday, March 16, 2009

Should we have a “systemic regulator”, and should it be the Federal Reserve? Guest: Michael Greenberger, University of Maryland.

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WNYC News

Cuomo Demands to See AIG Contracts

Monday, March 16, 2009

New York Attorney General Andrew Cuomo has issued subpoenas to AIG, demanding that the troubled insurance firm detail who is getting big bonuses. Cuomo also wants to see the contracts that supposedly force AIG to make good on executive bonuses. He told reporters in a ...

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The Leonard Lopate Show

State of Foreclosure

Friday, March 13, 2009

Home foreclosure rates nationwide surged 30% last month. But the next phase of the crisis is already starting in places Cleveland, where at least 10,000 foreclosed houses sit abandoned. Journalist Alex Kotlowitz wrote about this part of the crisis in his article "All Boarded Up" for the New York Times ...

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WNYC News

Mad Over “Mad Money”

Friday, March 13, 2009

Was Jon Stewart’s grilling of CNBC host Jim Cramer fair?

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WNYC News

Judge to Decide on Merrill Bonuses

Friday, March 13, 2009

A judge says he'll decide within a week whether Bank of America has to cough up a list of performance bonuses given to top employees of Merrill Lynch, days before Merrill was acquired by Bank of America. State Supreme Court Justice Bernard Fried didn't indicate ...

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WNYC News

Mixed Outlook for NYS's Insurance Industry

Friday, March 13, 2009

Last week a New York official was grilled by Senators about his role in overseeing the failed insurer AIG.

DINALLO: I'm proud of how the regulators maintained themselves.

REPORTER: Eric Dinallo is the state superintendent of insurance. He told the Senators his agency kept a close eye ...

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WNYC News

Berned!

Thursday, March 12, 2009

Which Madoff investors can recoup their losses, and how.

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WNYC News

Madoff Investors React to Plea

Thursday, March 12, 2009

Bernard Madoff was led away from a federal courtroom in Lower Manhattan in handcuffs, after he pleaded guilty to all 11 counts of fraud in a massive Ponzi scheme that wiped out many people's investments. More than 100 spectators crammed into the courtroom.

Madoff did not ...

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WNYC News

Bloomberg Fortune Intact, Says $$ Not a Factor in Mayoral Race

Thursday, March 12, 2009

Other billionaires may have taken a hit during this recession, but not Mayor Bloomberg. According to Forbes Magazine's survey of the world's wealthiest, Bloomberg's fortunes blossomed while others wilted. The magazine's annual list of billionaires ranks Bloomberg number 17 in the world with $16 billion. ...

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WNYC News

FTA Extends Deadline for Transit Stimulus

Thursday, March 12, 2009

The definition of "shovel-ready" is shifting. The federal government is giving transit agencies, including the MTA, more than a year to spend its federal stimulus money. WNYC's Matthew Schuerman has more. REPORTER: House Democrats had wanted to give transit agencies just three months to commit ...

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The Leonard Lopate Show

He Madoff With All Their Money

Wednesday, March 11, 2009

Bernard Madoff is expected to plead guilty to 11 felony counts in the largest Ponzi scheme in U.S. history tomorrow. Vanity Fair contributing editor Mark Seal interviewed dozens of Madoff’s victims (including some of his closest friends) for his article "Madoff's World" which appears in the April ...

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WNYC News

Demand Growing at NYC Food Pantry

Wednesday, March 11, 2009

As unemployment grows, more New Yorkers are having a hard time putting food on the table. The increased need is straining the city's nearly one thousand food pantries. Eileen Markey spent an evening waiting on line at one of them, and has this story for ...

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WNYC News

Paterson Says MTA's March 25th Deadline Firm

Wednesday, March 11, 2009

Governor Paterson is continuing to push for quick passage of the MTA's rescue plan to avert significant service cuts and a dramatic fare increase. He insisted that the March 25th deadline set by the authority for the legislature's approval was a real one.

PATERSON: I think ...

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WNYC News

Media Matters

Wednesday, March 11, 2009

Why WBAI is in trouble, and why Murdoch bought the Brooklyn paper.

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The Leonard Lopate Show

From Bear Stearns to Bear Markets

Tuesday, March 10, 2009

Over the course of its 85 year history Bear Stearns became one of the financial giants on Wall Street. Then, in 2008 the company collapsed and took the rest of the financial system down with it. William Cohan chronicles the infighting, hubris, bad bets and terrible decisions that destroyed the ...

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WNYC News

Relatives of Madoff's Lawyer Were Also Victims

Tuesday, March 10, 2009

Relatives of Bernard Madoff's lawyer invested hundreds of thousands of dollars in the disgraced Wall Street financier's firm.

That's according to federal prosecutors in Manhattan where a hearing is being held on potential conflicts of interest between Madoff and his attorney. Authorities say they include the ...

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